Cullen/Frost Bankers, Inc. (CFR)

161.69 +0.19% (+0.30)

Over 5Y: +62.7%

2026-08-28
100 150
2021 2022 2023 2024 2025 2026

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '21 — Revenue: 21.2M Q3 '21 — Operating Cash Flow: 204M Q3 '21 — Free Cash Flow: 195M Q3 '21 — Net Income: 108M Q4 '21 — Revenue: 22.2M Q4 '21 — Operating Cash Flow: 95.7M Q4 '21 — Free Cash Flow: 66.9M Q4 '21 — Net Income: 101M Q1 '22 — Revenue: 22.7M Q1 '22 — Operating Cash Flow: 332.8M Q1 '22 — Free Cash Flow: 320.5M Q1 '22 — Net Income: 99.1M Q2 '22 — Revenue: 23.9M Q2 '22 — Operating Cash Flow: -37.8M Q2 '22 — Free Cash Flow: -53.4M Q2 '22 — Net Income: 119.1M Q3 '22 — Revenue: 23M Q3 '22 — Operating Cash Flow: 244.9M Q3 '22 — Free Cash Flow: 217.2M Q3 '22 — Net Income: 169.8M Q4 '22 — Revenue: 22.3M Q4 '22 — Operating Cash Flow: 182.7M Q4 '22 — Free Cash Flow: 135.8M Q4 '22 — Net Income: 191.2M Q1 '23 — Revenue: 21.9M Q1 '23 — Operating Cash Flow: 168.3M Q1 '23 — Free Cash Flow: 122.2M Q1 '23 — Net Income: 177.7M Q2 '23 — Revenue: 23.5M Q2 '23 — Operating Cash Flow: 154.8M Q2 '23 — Free Cash Flow: 115.8M Q2 '23 — Net Income: 162.1M Q3 '23 — Revenue: 23.6M Q3 '23 — Operating Cash Flow: 238.7M Q3 '23 — Free Cash Flow: 205.8M Q3 '23 — Net Income: 155.7M Q4 '23 — Revenue: 24.5M Q4 '23 — Net Income: 102.6M Q1 '24 — Revenue: 24.8M Q1 '24 — Operating Cash Flow: 488.4M Q1 '24 — Free Cash Flow: 450.2M Q1 '24 — Net Income: 135.7M Q2 '24 — Revenue: 26.1M Q2 '24 — Operating Cash Flow: 129.6M Q2 '24 — Free Cash Flow: 103M Q2 '24 — Net Income: 145.5M Q3 '24 — Revenue: 27.4M Q3 '24 — Operating Cash Flow: 307.2M Q3 '24 — Free Cash Flow: 281.9M Q3 '24 — Net Income: 146.5M Q4 '24 — Revenue: 27.9M Q4 '24 — Operating Cash Flow: 64.3M Q4 '24 — Free Cash Flow: 26.7M Q4 '24 — Net Income: 154.9M Q1 '25 — Revenue: 28.6M Q1 '25 — Operating Cash Flow: -296.1M Q1 '25 — Free Cash Flow: -337.1M Q1 '25 — Net Income: 150.9M Q2 '25 — Revenue: 29.2M Q2 '25 — Operating Cash Flow: 140.8M Q2 '25 — Free Cash Flow: 114.5M Q2 '25 — Net Income: 157M Q3 '25 — Revenue: 31.4M Q3 '25 — Operating Cash Flow: 248.6M Q3 '25 — Free Cash Flow: 211.7M Q3 '25 — Net Income: 174.4M Q4 '25 — Revenue: 32.4M Q4 '25 — Operating Cash Flow: 180.7M Q4 '25 — Free Cash Flow: 138.2M Q4 '25 — Net Income: 166.3M Q1 '26 — Revenue: 32.2M Q1 '26 — Operating Cash Flow: 237.3M Q1 '26 — Free Cash Flow: 198.7M Q1 '26 — Net Income: 171M Q2 '26 — Revenue: 34.2M Q2 '26 — Operating Cash Flow: 52.9M Q2 '26 — Free Cash Flow: -7.1M Q2 '26 — Net Income: 172.1M -200M 0 200M 400M 600M
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

5.9
OE margin 395.8%
SBC / sales 20.3%
Accruals -0.067%
FCF margin 416.1%
OCF margin 553.0%
Profit margin 525.4%
ROE 14.8%
ROA 1.3%
Asset turnover 0.0024×
Capex / sales 136.9%
EBITDA margin —
Gross margin —
OCF / EBIT —
Oper. margin —
ROCE —
ROIC —

2 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

4.4
Segment HHI 1 HHI
RPO / sales —
RPO growth —

2 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

9.0
ND/EBITDA —
Debt / Eq 0.0×
Debt payback 0.0 yr
F-score 7.5 pts
Payout 37.7%
Cash / Debt —
Cash runway —
Current ratio —
Interest cover —
Quick ratio —

1 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

2.8
Sales/sh Y/Y +15.4%
Shares change -0.25%
Sales Q/Q +17.2%
Div. growth +5.3%
EPS CAGR 4Y +10.1%
EPS Y/Y +12.5%
EBIT CAGR —
EBIT Y/Y —
EPS next Y —

2 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.